Citigroup Inc (NYSE:C) – Equities researchers at Jefferies Financial Group decreased their Q3 2018 EPS estimates for Citigroup in a report released on Monday, October 8th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $1.67 per share for the quarter, down from their prior estimate of $1.70. Jefferies Financial Group also issued estimates for Citigroup’s FY2019 earnings at $7.70 EPS and FY2020 earnings at $9.00 EPS.
Several other equities research analysts also recently weighed in on the stock. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 price target on shares of Citigroup in a research note on Monday, July 16th. Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Wednesday, June 20th. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a “buy” rating in a research note on Monday, August 27th. Finally, ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $82.49.
C stock opened at $72.59 on Tuesday. The firm has a market capitalization of $184.38 billion, a P/E ratio of 13.62, a PEG ratio of 0.97 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. Citigroup has a 12-month low of $64.38 and a 12-month high of $80.70.
Citigroup (NYSE:C) last released its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%.
In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raja Akram sold 500 shares of the company’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Legacy Advisors LLC boosted its stake in Citigroup by 349.7% in the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,336 shares during the last quarter. IMA Wealth Inc. purchased a new position in Citigroup in the second quarter valued at about $129,000. Chicago Partners Investment Group LLC lifted its stake in shares of Citigroup by 197.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock valued at $169,000 after buying an additional 1,678 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Citigroup during the 2nd quarter valued at approximately $201,000. Finally, Chatham Capital Group Inc. purchased a new stake in shares of Citigroup during the 2nd quarter valued at approximately $203,000. 74.81% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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